Home / National / Archive by category Policies and Regulation

Archive by category Policies and Regulation

South Korea Unveils Construction Industry Support Plan Amid Rising Costs and Market Slowdown

SEOUL, Dec. 24 (Korea Bizwire) — The South Korean government announced a comprehensive support package for the construction industry on December 23, responding to mounting challenges including soaring construction costs, a tightening project financing (PF) market, and increasing unsold housing inventory. The measures come as the construction sector faces significant headwinds, with construction investment showing a [...]

South Korea Expands Official Green Guidelines to Boost Eco-Friendly Investments

SEOUL, Dec. 24 (Korea Bizwire) — South Korea has broadened its official green taxonomy, recognizing new eco-friendly economic activities such as groundwater reuse, indoor air quality management, and refill station operations. The Ministry of Environment unveiled the revised framework during a government meeting on December 23, highlighting its growing importance for sustainable economic development. The [...]

S. Korea Changes Rule on Resource Development amid East Sea Exploration

SEOUL, Dec. 24 (Korea Bizwire) — South Korea has revised a maritime resource development rule to offer more business predictability for investors in an ongoing project to search for oil and gas in the East Sea, the industry ministry said Tuesday. The revised enforcement decree on submarine mineral resources development was passed during a Cabinet [...]

Gov’t to Launch Aviation Seatbelt Awareness Campaign to Prevent Turbulence-related Accidents

SEOUL, Dec. 24 (Korea Bizwire) — The transport ministry said Tuesday it will launch an aviation seatbelt awareness campaign to prevent turbulence-related accidents during flights, amid the year-end travel season, currently under way. The campaign, running from Wednesday through Feb. 2, aims to raise awareness about the dangers of turbulence during flights and the importance [...]

Gov’t Adopts Rules to Support Development of Autonomous Vessels

SEOUL, Dec. 24 (Korea Bizwire) — South Korea has approved an enforcement decree to accelerate the development of autonomous vessels, laying the groundwork for global leadership in the rapidly growing industry, the industry ministry said Tuesday. The enforcement decree on the act for the development of autonomous vessels was passed during a Cabinet meeting held [...]

Cigarette Packaging Updated With Graphic Images and Clear Warnings

SEOUL, Dec. 23 (Korea Bizwire) – South Korea is implementing new graphic health warnings and text messages on cigarette packages starting December 23, marking the fifth iteration of the country’s tobacco warning system, the Ministry of Health and Welfare announced on December 22. The revised warnings feature more direct messaging, replacing single-word cautions with complete sentences [...]

Jeonbuk Aims to Pioneer South Korea’s Medical Cannabis Industry

JEONJU, Dec. 21 (Korea Bizwire) – Jeonbuk Special Self-Governing Province has taken its first step toward establishing a medical cannabis industry, aiming to position it as a core future growth sector. On December 20, Jeonbuk signed a memorandum of understanding (MOU) with the Cannabis Research Institute of Colorado State University during a ceremony at the Jeonbuk [...]

Seoul to Fine Feeding of Wildlife in Parks Starting March 2025

SEOUL, Dec. 21 (Korea Bizwire) – Starting March 2025, individuals caught feeding wildlife such as pigeons and magpies in Seoul’s urban parks and Han River parks will face fines of up to 1 million won ($760). This measure, part of the newly passed Ordinance on Prohibition of Feeding Harmful Wildlife, aims to mitigate ecological and urban [...]

South Korea Reduces Foreign Worker Quota for 2025 Amid Shifting Labor Needs

SEOUL, Dec. 20 (Korea Bizwire) – South Korea will admit 130,000 foreign workers under the Employment Permit System (EPS) in 2025, a 21% reduction from this year’s 165,000 quota, according to the Ministry of Employment and Labor. The decision reflects changing labor demand due to economic shifts and increased reliance on alternative visa programs, such as [...]

Seoul Implements Universal Design to Enhance Public Spaces for All

SEOUL, Dec. 20 (Korea Bizwire) – The Seoul Metropolitan Government announced on December 19 that it has applied universal design principles to improve accessibility and safety in public spaces, including pedestrian underpasses, hiking trails, and public restrooms in traditional markets. Universal design ensures spaces are safe and convenient for everyone, regardless of age, gender, ability, [...]